EXECUTIVE SUMMARY With increasing travel and training costs, E-Learning could prove to be a useful investment to Paper Products, Inc., as the pros outweigh the cons. This report will explore the benefits, and the costs associated and make recommendations regarding how to move forward with E-Learning. E-Learning should also prove to be an effective and resourceful tool to all employees of Paper Products, Inc. Benefits:
Dropout rates for online courses have been lowered by pacing and increased interactivity.
Online learning requires no travel time, and therefore is significantly more cost effective than learning in a classroom setting.
There are many generic courses already created that generalize well to our company, so it may not be necessary to customize.
If employees are given the opportunity to use e-learning at home, it offsets the cost of the technology.
Many successful companies, such as McDonalds, IBM, Home Depot, and others have made considerable cuts to training time through the use of e-learning.
Time and attendance can be accurately monitored.
Drawbacks:
Dropout rates for e-learners are higher than those of classroom learners.
Lack of success can often be attributed to distractions, lack of motivation, and lack of time.
Personalizing courses are more expensive.
These are just a few of the main benefits and costs acquired through E-learning, and you can see as evidence that the pros are already outweighing the cons.
With increasing travel and training costs, E-Learning could prove to be a useful investment to Paper Products, Inc., as the pros outweigh the cons. This report will explore the benefits, and the costs associated and make recommendations regarding how to move forward with E-Learning. E-Learning should also prove to be an effective and resourceful tool to all employees of Paper Products, Inc.
Benefits:
- Dropout rates for online courses have been lowered by pacing and increased interactivity.
- Online learning requires no travel time, and therefore is significantly more cost effective than learning in a classroom setting.
- There are many generic courses already created that generalize well to our company, so it may not be necessary to customize.
- If employees are given the opportunity to use e-learning at home, it offsets the cost of the technology.
- Many successful companies, such as McDonalds, IBM, Home Depot, and others have made considerable cuts to training time through the use of e-learning.
- Time and attendance can be accurately monitored.
Drawbacks:These are just a few of the main benefits and costs acquired through E-learning, and you can see as evidence that the pros are already outweighing the cons.